New Issue: Barclays prices $2.28 million buffered return enhanced notes on commodities

By Jennifer Chiou

New York, Sept. 25 - Barclays Bank plc priced $2,275,000 of 0% buffered return enhanced notes due Oct. 2, 2013 linked to a basket of commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of Brent crude, corn and palladium.

If the final basket level is at least 85% of the initial basket level, the payout at maturity will be par plus the greater of the 5.6% contingent minimum return and the basket return, subject to a maximum return of 10%.

If the final basket level is below the barrier level, investors will lose 1.1765% for every 1% basket decline beyond the 85% barrier level.

Barclays is the agent with JPMorgan Chase Bank, NA and JPMorgan Securities LLC as distributors.

Issuer:	Barclays Bank plc
Issue:	Buffered return enhanced notes
Underlying asset:	Brent crude, corn and palladium, equally weighted
Amount:	$2,275,000
Maturity:	Oct. 2, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If final level is at least 85% of initial level, par plus greater of 5.6% and the percentage change in the basket, subject to a maximum return of 10%; otherwise, 1.1765% for every 1% basket decline beyond the 85% barrier level
Initial prices:	$111.42 for Brent crude, 748.25 cents for corn, $672.00 for palladium
Barrier price:	85% of initial price
Pricing date:	Sept. 21
Settlement date:	Sept. 26
Underwriter:	Barclays
Distributors:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	06741TGP6

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